Victor Wembanyama has signed what will be the richest contract in San Antonio Spurs history, a five-year extension that could exceed $250 million if the player option in the final season is picked up, a person with knowledge of the negotiations said Friday.

The person spoke on condition of anonymity to The Associated Press because the financial figures were not disclosed by either side. The Spurs, who went to the NBA Finals this past season behind the All-NBA center and unanimous Defensive Player of the Year, announced that Wembanyama had signed, simply saying the sides agreed on “a multi-year contract extension.”

The agreement comes at a discount; Wembanyama could have agreed to a deal that would have topped $300 million over five years — but chose a lesser amount to help give the Spurs flexibility going forward.

Wembanyama will make about $16.8 million this coming season, the last under the terms of his rookie contract. The newly signed deal kicks in for 2027-28 and will start with a salary of around $43.5 million, then keep rising from there. The 7-foot-4 center from France would have a $57.5 million option for 2031-32.

Transgender lawsuit done

CONCORD, N.H. — Two transgender girls who were the first to challenge President Donald Trump’s executive order, “Keeping Men Out of Women’s Sports,” have withdrawn their lawsuit in New Hampshire based on a recent U.S. Supreme Court ruling in related cases and their own personal hardships.

The teens amended their complaint last year against New Hampshire’s law on banning transgender girls from school sports. A federal judge had granted an order allowing them to play as their case proceeded.

The Supreme Court recently upheld laws in Idaho and West Virginia barring transgender women girls from school and college sports. One teen moved out of New Hampshire last year because of anti-transgender legislation. The other decided to quit playing soccer on her high school team.

Cyclones AD set to retire

AMES, Iowa — Iowa State athletics director Jamie Pollard says he plans to retire next summer after a 22-year run leading the school’s sports programs.

Pollard is the nation’s longest-tenured active Power 4 athletics director. He expects to step down on June 30, 2027. The school says it will begin a national search for Pollard’s successor in the fall. Iowa State has won 24 Big 12 team titles in eight different sports during Pollard’s tenure.

The Cyclones have also had 24 NCAA individual champions during his tenure.

Interim tag off Michigan coach

ANN ARBOR, Mich. — Michigan agreed to a two-year contract with men’s basketball coach Mike Boynton, removing the interim tag he was given after Dusty May left to lead the NBA’s Dallas Mavericks.

Athletic director Warde Manuel announced the move on Friday, going for some continuity on the coaching staff for the defending national champions. Boynton, who once coached Oklahoma State, has been able to help the Wolverines retain their roster, which includes nine newcomers.

Boynton was 119-109 over seven seasons at OSU, which fired him two years ago. He was 119-109 over seven seasons at there.

The Associated Press